How to Buy Diamonds in Miami

How to Buy Diamonds in Miami

How to Buy Diamonds in Miami

Posted by Sharif Khan on 22nd Oct 2019

How to Buy Diamonds in Miami

Miami, Florida, is known for its favorable weather, enchanting beaches, and a friendly community. The city also boasts a thriving economy. Trade and tourism are Miami’s major economic mainstays. Therefore, there are numerous reasons to consider Miami a prime travel and investment destination.

One of the best ways to experience Miami is to indulge in its amazing splendor. The city is endowed with plenty of gift shops. The shops are so conveniently spread that you’ll always find whatever you’re looking for within a short radius. And that makes sense, especially when shopping for one of the most precious stones – diamond.

Buying diamonds in Miami is an experience of its kind. But regardless of how often you have purchased diamonds from this city before, there’s always something new to learn. As a precious stone, diamonds are quite costly. Therefore, you want to be sure you’re getting a great bargain. In this article, we will highlight some tips on  how to buy the best diamond in Miami.

James Allen

Preparation is Key

Diamond isn’t your regular piece of jewelry. It’s one of the most expensive precious stones out there. However, this price should always be a reflection of its quality. But how can you tell you’re getting a decent bargain if you’re not knowledgeable about diamond quality?

Before you go shopping for a diamond in Miami, you should arm yourself with the necessary information on diamond quality. For instance, how well can you tell  diamond clarity or cut? Do you understand the carats and color shades available?

Generally, these are the fundamental factors that influence the quality of diamond. Ultimately, they determine how the stone is priced. It may happen that you’re not a very discerning buyer. You don’t need to fret, though; as you can always hire a jewelry consultant. The consultants will walk with you every step of the way. First, they should advise you on the current and emerging trends in the Miami jewelry industry. They should also enlighten you on the right way to discern diamond quality. Even better, they may refer you to some of the city’s reputable diamond dealers.

When choosing a jewelry consultant in Miami, ensure they also do appraisals. If they don’t, they should at least refer you to a certified diamond appraiser. Jewelry appraisals are significant in enlightening you on the value estimate of a stone before buying it.

Another crucial tip when  preparing to buy diamonds in Miami is to consult the Gemological Institute of America. The GIA was established precisely for people like you. The institute protects both jewelry traders and buyers from unfair practices. To safeguard your interests as a buyer, the institution has a comprehensive diamond grading system. Its grading systems take into account both the physical characteristics and the optimal features of the stone. You can use these grading systems to determine whether the diamond you’re about to buy is a good value for your money or not.

Most jewelry outlets in Miami deal in graded diamonds. That should come as good news. However, some of these grading systems may be from shady gemological labs. If you’re not keen enough, you could end up paying more for a poorly-graded stone. To be safe, always insist on diamonds graded by the GIA. Indeed, GIA-graded diamonds have unrivaled allure and optical clarity. Another reputable gemological laboratory includes the American Gem Society.

At all cost, avoid labs like the International Gemological Institute, the Gemological Science International, and the European Gemological Laboratories. Most of them have a reputation for gross grading inconsistencies. Most importantly, shun any in-house certifications. Before making a purchase, ask the shop to produce the relevant certification, and ensure it’s legit and verifiable.


What Is The Best Location To Buy Diamonds In Miami?

One common mistake you can make when shopping for diamonds in Miami is to buy from the open-air market. Open-air markets maybe wonderful places to grab collectibles at reasonable prices. However, they’re not ideal for purchasing any high-end jewelry.

First of all, most of these markets deal in essential commodities. As such, they don’t have special sections where you can buy vintage and precious jewelry. If you chance upon a jewelry shop in these markets, you’re likely to be lured by their surprisingly low prices. That’s because the price mechanisms in open-air markets are a little different from what they are in other stores within the city.

Also, remember that most wares in the open markets are sold on-the-go. Such time limitations prevent you from thoroughly investigating the quality of the jewelry before buying it.

So,  where is the best place to buy diamonds in Miami? For all your jewelry needs in Miami, head to the Diamond District.

The Miami Diamond District is an area featuring a couple of blocks, with an unusually high number of jewelry stores. It’s located at 61 NE 1st St, Miami, FL 33132, United States. If you’re in the CBD, you can access the District through the Brickell Ave and the Biscayne Blvd Way, a six-to-seven minutes’ drive. Alternatively, you can take the SW 2nd Ave.

One advantage of shopping at the Diamond District is that you get variety. With hundreds of stores selling the same product, you’ll likely be spoilt for choice. Whatever quality of diamond you desire, you’ll surely get it in the District. Plus, prices are reasonably lower than what regular shops outside the District charge. And considering how close it is to the city’s CBD, getting there won’t be a problem at all. That’s especially great if you’re a tourist staying around the CBD.

On a regular day, the Miami Diamond District is a beehive of activities. Jewelry stores here vigorously compete for buyers like you. You will often come across stores using catchy cliches. All that is done to attract as many clients as possible. Slogans and cliches are not bad, per se. However, you should suspect any tagline that tries to market diamonds as budget-friendly. Especially if that’s the only thing a store flaunts as its most exceptional selling point.

Let’s face it; when you decided to go shopping for a diamond, you already knew how expensive these stones are. Even if you didn’t have a solid figure in mind, you generally understood how precious diamonds are. And as such, you expected to be set back a few dollars. So, why would a store push its products purely based on cost considerations? That’s not to mean you should pay through the nose either. Thankfully, within the Miami Diamond District, such unscrupulous stores are only the exception and not the rule. In most cases, you’ll always find decent diamond quality for reasonable prices.

Choosing the Right Diamond Store

Getting to the Miami Diamond District is one thing, but locating the right jewelry store another thing altogether. The following are some tips on choosing the right diamond shop in Miami.

The first thing to check is whether there’s a return policy or not. Returns policies are especially useful when shopping online. Essentially, they cushion you if the jewelry delivered falls below your expectations. Take your time and read through the plans to ensure there are no grey areas.

Generally, try to avoid stores that don’t provide any returns policies. And for those that do, ensure the plans come with reasonable trial periods.

Along with returns policies, check on the shipping plans of any Miami jewelry store before ordering from them. Similarly, this makes more sense if buying online. Most stores will ship your merchandise within a day of placing your order.

If you’re satisfied so far, now proceed to price comparisons.

As we mentioned earlier, price shouldn’t be a primary  consideration when buying diamonds in Miami. But when everything is said and done, you should also factor in your budget needs. And this is where price comparisons come in.

Comparing diamond prices can be a very tricky affair. That’s because you’re not comparing two different products but rather products that are similar in all other aspects. So before comparing the prices, ensure all other factors remain constant. For instance, you can’t compare the prices of stones with different carat weights. The higher the carat weight, the higher the price. Similarly, diamonds with different colors also feature separate price tags. Purple hues are relatively cheaper than blue hues.

The best place to compare diamond prices is online. Using your PC, you can open multiple tabs for different jewelry outlets in Miami. Then, identify specific diamonds you’re looking for and compare how the various retail stores sell the stones. When comparing prices, you should also keep in mind the concessions to make if you don’t find something within your price range.

For example, you could be looking for a flawless, 1 carat, round red diamond. With such a definite description, it should be easy to compare prices across several stores. However, the price could be still reasonably high in the most affordable store. You can now decide which of the four features to sacrifice. For example, you can consider a blue diamond instead of a red one, while retaining all the other specs. It’s a tough balancing act which at times may require professional gems consultants.

Common Recommendations

As we’ve mentioned, it’s always important to insist on reputable brands whenever looking for diamonds in Miami. And there are numerous benefits to that. First, most reputable brands offer variety and top-of-the-range quality. Additionally, these brands have been in the industry long enough. Therefore, they understand the varied needs of their clients. Based on the data they’ve gathered over the years, some of them even offer customized diamonds. Even better, their prices are flexible and competitive.

Some excellent go-to diamond shops in Miami include  James AllenBlue NileWhiteFlash, and Brian Gavin Court. Each of these stores has a strong area. However, most of them deal in high-end diamonds at industry-competitive rates.

The stores also offer excellent customer support. That shows in their high responsiveness in processing claims and inquiries, as well as valid shipping and customer-friendly returns policies. The best part is that all these stores have an online presence. You don’t need to make those treacherous trips to their brick-and-mortar stores. Not when you can browse through their products and place your order online.

Like any other city in the US, Miami boasts plenty of jewelry stores. That makes buying jewelry in this city a smooth experience. However, there are a few pointers to remember. First, always consider the Miami Diamond District for better bargains. Also, remember to compare prices online before making your purchase. While at it, check other aspects like shipping policy and the general reputation of a diamond store. If in doubt, simply head to one of the store recommendations above and make your purchases hassle-free.